'Repackaging' of existing products with 'some unique features' is the first step in the right direction
Last week we reported that Legal & General (L&G) has developed a rental protection plan (RPP) as part of a pilot with Mortgage Advice Bureau. L&G is offering three bespoke rental products: rental income protection, rental life insurance and rental life insurance with critical illness cover. Protection tailored specifically towards renters is something the market has been crying out for, especially considering ongoing industry lobbying for discounted insurance payments to cover rent when calculating Universal Credit, following DWP clarifications regarding pay-out exemptions last year. ...
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